This is what the flux I'm Brad Justin and it's Friday.
They're twenty eighth of June jouseboit.
Earlier this week, inflation jumped to four percent, if you don't mind, which was its highest rate in six months. That's thanks to stubborn pricing for fruit and veggies as well as electricity and juse boy, I did think i'd say this, but investors reckon this now a one in three chance of an August interest rate ride.
Not use that hour word one more time, Amaen.
That was my last time, Fleck Sam.
Do you know that ninety one percent of flux uses who have downloaded flux Pro say they do not regret the decision one iota.
I believe that and flex Sam.
If you haven't got flux Pro yet, now is the right time because it's currently fifty percent off at the end of the financial year. But it's only for the next two days, so make sure you hit the link in the show notes to get that fifty percent of.
Three droopy stories today Juzzy Boy for our first, Qatar Airways is looking to acquire a twenty percent steak in Virgin Australia, which could really shake up the aviation industry just must be happy.
Jam right now, So tell me what's going on here, okay.
Qatar Airways, the international airline was established by the Katari government back in nineteen ninety three.
And they man, it's been quite the success. It's won the title of the world's best airline seven times in the last eleven years, according to Skytrack's last year.
Qatar Airways was hoping to be a bigger player in the Australian aviation market, but its proposal to.
Add twenty one extra international flights to Australia was denied by the Federal.
Government, which led to a lot of controversy about whether quantas played any part in this old thing.
But now Qatar is negotiating to take a twenty percent stake in Virgin Australia.
And for this deal to go through, Qatar will need approval from the Foreign Investment Review Board.
But even if further accepts this deal, it could still be blocked by the Federal government.
So it does boy. If this deal does go through, it could be just the indo x strategy Quitars looking for to gain more access to the ossie market.
So what is the key learning here?
If you can't talk your way in buy your way in Man.
Qatar didn't exactly take the government's rejection of its bid for extra flights very well.
In fact, they called it very unfair, and the decision was seen by many as a way to protect Quantus's market share on international flights from Australia. So if Qatar negotiating with the government isn't going to give Qatar more access to the OSSI market, maybe being a part owner of a domestic Australian airline will.
Which is exactly what Katar is hoping for.
And this is the strategy we've seen play out before. Surely you've got an example in that big brain Eva.
I had to take you back to twenty nineteen when Uber acquired Karine, which was the dominant ride sharing company in the Middle East and parts of Northern Africa. They quite have a three point one billion US dollars.
That was after Uber failed to dominate in the Middle East itself, and so it brought its way in to gain the upper hand in the regions where Kareem was operating. For our second story, TikTok's owner has quietly released a new social app called we as a Competitor to Instagram, where you can take photos with filters and messages.
Now the social media app I cannot keep up, So tell me what is happening here, okay.
Byte Dance is the Chinese company that owns TikTok.
Aka the social media app that got us all through lockdown.
Aka the social app that sent phrases like.
Brother ugh into the stratosphere.
Not to forget looking for a man in fine jasey boy, you are a man who knows of TikTok.
But b man not. Everyone is getting behind this app with its unhinged gen z humor yep.
US lawmakers are pushing to have the app band for its one hundred and eighty million monthly active users, and.
Other countries might follow suit as well.
So now jazy boy, byte Dance has quietly launched a new social app named Wei and be Man.
I've seen some of the pickies of we and it is awfully similar to Instagram's lay app.
Bte Dance is keeping we really under wraps though.
Yeah. It hasn't run any ads on Apple and it isn't available in Australia, the.
US, the UK just quietly are having a look here. It's got less than ten thousand downloads globally.
But you've got to imagine this is all part of TikTok's defensive plan to build up another asset just in the case that TikTok gets crushed by the might of the US Congress. Interesting, so what is the key learning here in the game of risk? The smart money diversified jaziboy.
We know that companies like Facebook now known as Meta have diversified over time with other products like Instagram and WhatsApp.
But right now By Dance is a bit of a one trick pony with TikTok.
We know that the US is a major market for TikTok, so having a total ban on the app in the country would seriously impact their business.
So now they've started acting on a backup plan if that band was to ever become real enter We. Interestingly, they've beened WE isn't actually by Dancer's first backup plan.
No, it's already tried to back up the truck with its pinterest slash Instagram like platform named Lemonade.
Which only has two point six million iOS users around the world.
So maybe We is its last shot at glory in the US, just in case the band actually goes through.
For our third and final story. The chairwoman of TESLA and the owner of the NBL are the new majority owners of the Australian Women's Basketball League.
An unlikely joe. You'd think Jesse boy. Next thing, Elon Musk pulling on a guernsey too.
Tell me more? Okay? So the Women's National Basketball League or the WNBL launch back in nineteen eighty one in Australia.
And since then it's been owned by b Basketball Australia and be Man.
Over the past decade, basketball in Australia has skyrocketer yep.
In the NBA we've had Andrew Bogan, Patty Mills, Josh Giddy and many many others.
And in a WNBA we've had Lauren Jackson and of course Liz Cambidge as well.
In fact, women's basketball is now the third largest team women's sport in Australia.
But off the field things have been a little more challenging.
Yeah, Basketball Australia hasn't really invested heavily in marketing or sponsorships and game attendances.
But now Robin Denholm, the TESLA chairwoman, has taken a forty nine percent steak in the Women's National Basketball League.
And Larry Kesselman, the owner of the NBL, has taken a twenty two percent steak in this league.
So be man. Given the details, how much do they pay.
Well, it's hard to know at this stage, and you know, I didn't know exactly, but it's believed that the value of the whole league is somewhere around fifty mil.
And be Man. With the growing popularity of live sports around the world, this could end up being a bargain buy, I know.
So what's the key learning here?
Once a sporting code gets a good broadcast deal, it elevates the competition to a whole new level.
And that's because live sports are far and away the most popular thing on television.
Get this, Bmann. In twenty twenty three, the top ten telecasts in the US were all major sporting events.
But in Australia it's even better. In twenty twenty three, the top sixteen telecasts were all major sporting events.
And get this. Ten years ago there was just one NBL game broadcast per week on Channel nine.
And now every single NBL game is broadcast live on ESPN.
So now the new owners goal will be to revitalize the WNBL in the same way they've managed to do with the NBL.
And with WNBL membership already up sixty nine percent year on year, they've already got some tailwins behind them.
Man, you know, here's a fifty percent flux Pro for the next two days.
I did mention that to myself quietly.
I can read your mind in flux am. If you want to get amongst the action to get detailed insights on your credit score, detailed breakdowns on your spending premium articles, flux Pro is where you've got to be, So make sure you hit the link in the show notes off.
Thanks for listening, and we'll see you on Monday.